Blog - Page 3559 of 5742

ThursdayApr 14, 2011 12:36 pm

SOKO Fitness & Spa (SOKF) Posts Record Results for Q32011, Affirms FY Guidance

SOKO Fitness & Spa Group Inc., an operator of fitness centers and beauty salons and spas in China, today announced its financial results for the third quarter of fiscal 2011, ended February 28, 2011. The company reported third-quarter revenue at $10.3 million, an increase of 27 percent over $8.1 in the third quarter of fiscal 2010. Gross profit increased 21 percent to $7.0 million, compared with $5.8 million in the comparable quarter of 2011. Gross margin was 68.2 percent for the third quarter of fiscal 2011, compared with 71.6 percent for the third quarter of fiscal 2010. Net income attributable…

ThursdayApr 14, 2011 12:34 pm

Gran Tierra Energy Inc. (GTE) Increases Capital Budget for 2011

Gran Tierra Energy Inc. announced an increase in its capital budget for 2011 as the result of a recent acquisition of oil and gas properties in South America. In January 2011, Gran Tierra Energy signed an agreement to acquire Petrolifera Petroleum Limited, an exploration and production company focused on operations in Argentina, Colombia and Peru. The company paid consideration of $195 million, including the assumption of debt. Gran Tierra Energy allocated an additional $55 million in capital spending in 2011, bringing the companywide total to $354 million. The company will distribute this additional capital across various properties, with 90% of…

ThursdayApr 14, 2011 12:32 pm

Microvision, Inc. (MVIS) Branches Out its R&D Footprint with Ideally-Located New Facility at Nanyang Technological University in Singapore

Microvision, developer of cutting-edge display miniaturization technology like the PicoP® platform for pico projectors, vehicle and wearable displays that interface with mobile devices, reported today the opening of a new R&D center at Nanyang Technological University (NTU), Singapore. This new research facility will be largely dedicated to perfecting applications of the Company’s PicoP® Display technology and will be staffed in short order by MVIS with roughly 25 engineers by 2012. This facility will also be handling the Company’s ongoing R&D of the over 500 issued/pending patents that make up MVIS’s industry leading technology portfolio and houses a fully customized laboratory…

ThursdayApr 14, 2011 12:30 pm

China Information Technology Inc. (CNIT) Garnered $36 Million in New Contracts in 2011 First Quarter

China Information Technology Inc. is a leading total solutions provider of geographic information systems, digital public security technology and digital hospital information systems in China. The company's software, hardware, systems integration and related services help its customers improve efficiency in information management. The company announced today that its newly signed contracts in the first quarter of 2011 were valued at $36 million. This is an increase of 17.6 percent compared to the same period last year. Its first quarter contract wins came from 26 provinces and provincial cities in China. Some of the most important contracts secured include: • $3…

ThursdayApr 14, 2011 9:39 am

Muscle Pharm Corp. (MSLP) Video Chart for Thursday, April 14, 2011

MSLP is making a nice climb off the bottom, but is pinned against a resistance level going into trading today. Technical traders will be watching for a break of the resistance level and another possible run towards the next resistance near 14 cents. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

ThursdayApr 14, 2011 9:04 am

Vibra Bank (VBBK) Reports Strong Quarterly Earnings

Vibra Bank announced its unaudited financial results for the quarter ended March 31, 2011, with solid results driven by the company’s focus on its bi-cultural strengths. The bank focuses on serving the Hispanic business and professional market in San Diego County. "We are pleased to report an expansion of the profitability which we first achieved in the fourth quarter of 2010," Vibra Bank Chairman Enrique Schon stated in the press release. "Our continued success demonstrates the power of our bicultural focus, combined with local decision-making and a commitment to excellent service." For the quarter ended March 31, 2011, the bank…

ThursdayApr 14, 2011 9:02 am

Zogenix, Inc. (ZGNX) Posts Positive Phase 4 Results for Migraine Treatment

Zogenix Inc., a pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain, yesterday reported clinical data from its phase 4 open-label, multicenter study of SUMAVEL® DosePro ® Needle-free Delivery System for the treatment of migraines. The company demonstrated the clinical data in two poster presentations at the 63rd Annual Meeting of the American Academy of Neurology (AAN) in Honolulu, Hawaii. "The clinical findings of this phase 4 study indicate that patients showed a greater Overall Satisfaction with subcutaneous sumatriptan delivered by SUMAVEL DosePro than their current triptan therapy, which was predominantly oral dosage…

WednesdayApr 13, 2011 3:56 pm

Flint Telecom Group, Inc. (FLTT) Looking to Capitalize on World Connectivity

Getting connected has taken on a whole new meaning in today’s digital world. Mobile phone usage continues to reach new heights, not only in the United States, but across the globe. In China alone, there are over 800 million cell phone subscribers today. It has become so second-nature to U.S. teens to use mobile devices that an amazing 42% of teens say they can text blindfolded, according to a national survey from CTIA, the international association for the Wireless Telecommunications Industry, and Harris Interactive. Additional data from CTIA shows that as of December 2010, U.S. wireless revenues are $160 billion…

WednesdayApr 13, 2011 1:53 pm

Spartan Gold Ltd. (SPAG) Increases Acreage Position at Poker Flats in Nevada’s Carlin Trend to 3,600 Acres, Begins Extensive Surveying

Spartan Gold, the mineral developer with a current focus on gold at several sites in Nevada, reported today successful completion of a major project expansion plan at the Company’s Poker Flats prospect in Elko County. Working together with project partner Mexivada Mining Corporation, SPAG has secured additional acreage to be added to the 25 claims defined and previously reported in the option and mining claim acquisition (Dec. 22, 2010). The Company’s team has placed location monuments on 67 new claims, bringing the total acreage to 1,840 and the total number of claims to 92. As soon as corner posts are…

WednesdayApr 13, 2011 1:51 pm

UnionTown Energy Inc. (UTOG) Signs Non-Binding Letter of Intent to Acquire an Oil and Gas Property in Northwest Montana

UnionTown Energy Inc., a company that focuses on acquiring, developing, and producing oil and natural gas properties in North America, has announced that it has signed a non-binding Letter of Intent (LOI) to acquire the 11,000+acre Teton River oil and gas property located in northwest Montana. A non-refundable deposit worth $100,000 has been given in advanced upon signing the LOI, which will be applied to the final purchase price. The specific terms of the agreement are being finalized and will be announced upon closing of the transaction, which is expected to take place in the next 30 days. The Swift…

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